Adani Power buys Korba West Power Co. for Rs 4,200 cr

November 27, 2014

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Adani Power, owned by billionaire Gautam Adani, ha​s​ purchased the Avantha Group’s Korba West Power Co. (KWPCL) for Rs 4,200 crore. The wholly owned subsidiary of Avantha Power owns a 600 megawatt coal-fired plant in Chhattisgarh. KWPCL is building an additional 600 MW of capacity. acquisition consolidated Adani Power’s pan-Indian presence and further re-affirms company’s belief in the reform processes underway in the power and coal mining sectors.